Dictionary
The Dictionary provides concise definitions of health economics terms, arranged alphabetically for quick reference. Use it to understand unfamiliar terminology or confirm the meaning of a specific term.
V
- Value-Based Pricing
- A pricing approach setting a treatment's price to reflect its health benefit relative to existing alternatives, often linked to a cost-effectiveness threshold.
W
- Worst Case Scenario
- A combination of assumptions representing the least favourable plausible circumstances for an intervention's cost-effectiveness, used within scenario analysis.